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Sep 14, 2012
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>> i said back in june that the s&p could be between 1500 and 1600, and i hope i'm right. i said the only way it gets there is if the financials lead the way. i stick by that call. the financials are going to benefit because what bernanke is doing is he's going to support risk assets. this is going to help the housing market, that's going to help banks, the short term. by the way, larry, volcker had a different problem. he was trying to break the back of inflation. >> right. the exact mirror image of what volcker did. volcker took money out, this guy is putting money in. >> the difference is that volcker cared about the dollar. >> go ahead. >> larry -- >> the reason that he talked about the dollar is they destroyed the value of it ever since the fed was implemented. we've lost 96% of the value of the dollar since the federal reserve started tinkering with the economy. that's why he doesn't talk about the dollar. >> that's right. but volcker was fighting runaway inflation, bernanke is fighting the specter of deflation. that's what's going on. that's the difference. >> i've
>> i said back in june that the s&p could be between 1500 and 1600, and i hope i'm right. i said the only way it gets there is if the financials lead the way. i stick by that call. the financials are going to benefit because what bernanke is doing is he's going to support risk assets. this is going to help the housing market, that's going to help banks, the short term. by the way, larry, volcker had a different problem. he was trying to break the back of inflation. >> right. the...
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Sep 13, 2012
09/12
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crew-s that kind of teacher. this morning mickey gave me and my colleague david faber an uber lesson in fashion retail and the american consumer. in the business mickey's known as the merchant prince for his tremendous ability to figure out what people in this country want to wear, first at gap stores in its heyday in the '80s and now j. crew the once public company he's taken private with astonishing success. but i think that title sells him short, frankly. mickey's really the king and i. yes, the e-y-e kind. because he's the king of the most important domain in retail, inventory and he has the best eye in the business for fashion. what's this broadway show of a teacher telling us? first he made it clear that all the consumer spending we've seen, all the success of so many retailers including his own, is based on discounting. everyone's doing it. some like costco as he pointed out are doing it better than others. those who have k. have the best fashion, make it and merchandise it for less, in other words real vo
crew-s that kind of teacher. this morning mickey gave me and my colleague david faber an uber lesson in fashion retail and the american consumer. in the business mickey's known as the merchant prince for his tremendous ability to figure out what people in this country want to wear, first at gap stores in its heyday in the '80s and now j. crew the once public company he's taken private with astonishing success. but i think that title sells him short, frankly. mickey's really the king and i. yes,...
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Sep 13, 2012
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s&p 500 tonight with financials also higher. technology up 23 points. the s&p 500 at 1459. talking about the highest close on the standard and poors since december 31st of 2007. federal reserve action certainly stimulating the markets today. that's for sure. is the short-term gain eventually going to create long-term pain? ben pace is the u.s. chief investment officer or deutsch bank. also in the conversation, our own steve liesman and rick santelli. >> we love it near term. the only thing we're not certain about, and there's questions about whether this is the all-clear sign for the kind of price earnings mull. expansion we've been looking for. we tend right now to doubt it because the economy is slow. you have your fiscal issues. corporations are still sitting on the sidelines waiting for resolution of the tax and regulatory policies. they're the ones that have to spend to really bring the unemployment down. we don't know how much ben bernanke and the fomc could do about that right now. >> steve liesman, what do you look for in terms of the next catalyst here? will you be
s&p 500 tonight with financials also higher. technology up 23 points. the s&p 500 at 1459. talking about the highest close on the standard and poors since december 31st of 2007. federal reserve action certainly stimulating the markets today. that's for sure. is the short-term gain eventually going to create long-term pain? ben pace is the u.s. chief investment officer or deutsch bank. also in the conversation, our own steve liesman and rick santelli. >> we love it near term. the...
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Sep 14, 2012
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s&p flying 1.63% and the nasdaq vaulting 1.33%. you don't want me to do something and i'm not going to do it. i don't want to get too caught up in fedspeak to describe exactly what ben bernanke did today. some say it's qe-3. others say it's a continuation of operation twist. billions in mortgage bonds to be bought by the fed, pretty much guaranteeing low rates for anyone who wants to do anything with borrowed money including buy, build, or fix up a house. not the way i play it. to me it's important to visualize what bernanke's doing. hence this ridiculous celebrity get-up. because i am a celebrity. you see, bernanke's been trying to get this economy hot enough to spur hiring and send unemployment down for ages. and so far he's had no luck whatsoever. what he needs to do now is light a fire under this economy. and these grills represent the stages of frustration of the fed chief. you see, he started with the kingsfords. but what did he do? initially he used some very weak lighter fluid. like rate-cutting, modest bond buying, because
s&p flying 1.63% and the nasdaq vaulting 1.33%. you don't want me to do something and i'm not going to do it. i don't want to get too caught up in fedspeak to describe exactly what ben bernanke did today. some say it's qe-3. others say it's a continuation of operation twist. billions in mortgage bonds to be bought by the fed, pretty much guaranteeing low rates for anyone who wants to do anything with borrowed money including buy, build, or fix up a house. not the way i play it. to me it's...
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Sep 13, 2012
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you have s&p energy up almost 2%. as a sector perspective, bill, even though the market is not much higher, these three sectors have gotten a little stronger as a group. back to you. >> we are getting stronger into the close here. the dow up 205 points. we want to point out, fed chairman bernanke said there are no specific economic or unemployment targets that the central bank is looking for to determine when to stop the stimulus programs that they announced today, but he did give investors an idea of what kind of economic conditions the fed hopes to see before it stops easing. >> what we've seen the last six months isn't it. we're looking for something that involves unemployment coming down in a sustained way, not necessarily a rapid way, because i don't know if our tools are that strong. but we'd like to see an economy which is strong enough that it will support improving labor market conditions and unemployment that's declining gradually over time. >> going to keep rates exceptionally low until mid-2015 instead of
you have s&p energy up almost 2%. as a sector perspective, bill, even though the market is not much higher, these three sectors have gotten a little stronger as a group. back to you. >> we are getting stronger into the close here. the dow up 205 points. we want to point out, fed chairman bernanke said there are no specific economic or unemployment targets that the central bank is looking for to determine when to stop the stimulus programs that they announced today, but he did give...
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Sep 16, 2012
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the dow and s&p 500 hitting the the heist levels since december of 2007. the nasdaq at the highest since november of 2000. another ratings agency issues a warning. moody's says if congressional negotiations fail to stabilize the budget, moody's will lower the rating. mark zuckerberg made his first public appearance since the the company's botched ipo this year. he said facebook was focusing on mobile. the stock price was disappointing, he said cht. > >>>. facebook trades at about half of the ipo price and apple introduced its long awaited iphone 5. it's lighter, thinner than previous models. has a smaller dock connecter, not compatible with earlier phones. apple tok hitting new highs after the announcement. >>> a major move by the fed, but what impact will it have on the economy? who better to answer than bill gross. running the world's largest mutual fund, pimco's total return fund. thanks for your time today. >> thank you. >> so, so much to talk about this week. let me begin with the fed action. buying $40 billion worth of mortgage-backed securities a mo
the dow and s&p 500 hitting the the heist levels since december of 2007. the nasdaq at the highest since november of 2000. another ratings agency issues a warning. moody's says if congressional negotiations fail to stabilize the budget, moody's will lower the rating. mark zuckerberg made his first public appearance since the the company's botched ipo this year. he said facebook was focusing on mobile. the stock price was disappointing, he said cht. > >>>. facebook trades at...
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Sep 13, 2012
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because ian is wickedly underperformed the s&p for the last year. ian is at least in the space where you do see commodities stocking and rebuilding, especially where they've been taken down. i don't think that iron ore and coal prices necessarily need to go back to 250, iron ore to 160, but they were overdone on the downside. i would stay out of the way because i think there's more to go here. technically, emerging markets broke through a 200-moving day average, a 50-day. the em versus dm broke through the 50. and it hasn't done this this convincingly since january. >> i want to go to mike on the options. what were you seeing in terms of whether or not the traders believe in this rally and whether or not they were willing to make that switch into equities? >> one of the things about the options market, it's a place where people are willing to make directional bets. it was interesting john najarian was talking earlier today about the fact we saw some substantial upside call buying. those guys are going to be proven to be big winners here and we did s
because ian is wickedly underperformed the s&p for the last year. ian is at least in the space where you do see commodities stocking and rebuilding, especially where they've been taken down. i don't think that iron ore and coal prices necessarily need to go back to 250, iron ore to 160, but they were overdone on the downside. i would stay out of the way because i think there's more to go here. technically, emerging markets broke through a 200-moving day average, a 50-day. the em versus dm...
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Sep 12, 2012
09/12
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take a look at the dow, 13,349, and s&p and nasdaq playing along today, as well. here's what we're following on "halftime" today, zuckerberg goes public, did facebook's face deliver? is it time to deliver the stock? >>> and is qe-3 coming? and what will it mean for the rally? but first, our top story, less than one hour to go until apple unveils its highly anticipated iphone 5. the stock keeps going higher, but are expectations growing too high for america's most loved company? we're trading all of these stories with pete najarian, joe ts teranova. is it going to pull back? >> well, there's a chance of it. i mean, if you're looking at the options right now. the options are signaling people are expecting a big move. look at the volatility of options that expires tomorrow, by the way, and you're expecting about, call it a $19 move right now in that stock based on what we're going to see today. what are we going to see today? do we not know what they're going to release? they've given us all the information we need to know, the iphone 5. it's a matter of when this hi
take a look at the dow, 13,349, and s&p and nasdaq playing along today, as well. here's what we're following on "halftime" today, zuckerberg goes public, did facebook's face deliver? is it time to deliver the stock? >>> and is qe-3 coming? and what will it mean for the rally? but first, our top story, less than one hour to go until apple unveils its highly anticipated iphone 5. the stock keeps going higher, but are expectations growing too high for america's most loved...
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Sep 19, 2012
09/12
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the s&p 500 is up 51/3 points. can this market continue the winning streak even if it is in baby steps? will lower oil and gas prices help if oil keeps heading lower? that's been a leader in this market. there's also a new survey that shows investor confidence is improving, something that hasn't happened since the crisis of 2008. >> pretty amazing, actually. it's our closing bell exchange now. in a moment, our rick santelli will be joining us. let's kick this off. you point out that in terms of investor sentiment, it's up from a low level, and the markets has more room to run. how much do you believe this is attributed to the price of oil? >> well, the price of oil is impacting the market, but it's all about the qe at this point. quantitative easing is really significantly impacting the market, irrespective of what the economy is doing. you're seeing a decoupling between the market and easing. the investor sentiment survey you talked about, yes, it's high, but there's still a lot of runway to go, given where it has
the s&p 500 is up 51/3 points. can this market continue the winning streak even if it is in baby steps? will lower oil and gas prices help if oil keeps heading lower? that's been a leader in this market. there's also a new survey that shows investor confidence is improving, something that hasn't happened since the crisis of 2008. >> pretty amazing, actually. it's our closing bell exchange now. in a moment, our rick santelli will be joining us. let's kick this off. you point out that...
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Sep 13, 2012
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gold could go to $10,000 at the same time as the s&p goes to 100. believe me, if the fed is still doing $40 billion a month two years from now, that's not a good thing because it wouldn't do it unless the economy were still in the gutter. so this is a trade-off. they only do the good thing when there's a bad thing. so if you are wishing for them to do the good thing, that means you're wishing for the bad thing. that's why this doesn't work and why this isn't going to help stocks. >> that's an interesting point and i want to go back to that, why it won't help stocks. i don't know what the short run is anymore, five days or five month or five years whatever. if bernanke is putting all this money in, every month, he's putting all this money in, everybody knows he's putting all this money in, when does the dow go to 15,000, 16,000, 17,000. at some point the whole bulb will collapse, totally collapse, maybe about the time the whole currency collapses. before it collapses, what i'm trying to get to, don, how high could the market go? >> the market, in my
gold could go to $10,000 at the same time as the s&p goes to 100. believe me, if the fed is still doing $40 billion a month two years from now, that's not a good thing because it wouldn't do it unless the economy were still in the gutter. so this is a trade-off. they only do the good thing when there's a bad thing. so if you are wishing for them to do the good thing, that means you're wishing for the bad thing. that's why this doesn't work and why this isn't going to help stocks. >>...
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Sep 17, 2012
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and the s&p 500 index is down six points at 1459. >> with the fed rally behind us, what is it going to take to get closer for the dow for all-time intraday high which is just 600 points away? amazing we're only 600 points away. we have a pretty big plunge in energy prices hitting stocks. is this something else we should watch out for? >> let's talk about this on "closing bell exchange." d dani hughes, blacksmith, and jack from bull and bear partners in chicago. jack, do you have any sense -- i know you like gold and oil right now. why the selloff in oil the last hour and a half or so, do you know? >> well, two things. remember, the holiday market condition, and on top of that you've had a rumor they're going to wree lease something out of strategic petroleum reserve. it takes one note like that to drive the market. it's gold that's really the question. why is gold moving the way it is? these are both markets that can turn around very quickly. i would not be -- i would not be reading too much into that noise. >> dani, you're skeptical of this market at these levels. you think it will be
and the s&p 500 index is down six points at 1459. >> with the fed rally behind us, what is it going to take to get closer for the dow for all-time intraday high which is just 600 points away? amazing we're only 600 points away. we have a pretty big plunge in energy prices hitting stocks. is this something else we should watch out for? >> let's talk about this on "closing bell exchange." d dani hughes, blacksmith, and jack from bull and bear partners in chicago. jack,...
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Sep 14, 2012
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the s&p fell to 52-week highs, first time since july 2011. as for the picture in europe, again still over from yesterday's rally here in the u.s. european shares in fact at 14-month highs this morning. let's get to our road map. that of course starts with the fed. open-ended asset purchases and promising to keep rates close to 0% for years. but as monetary policy doesn't fix unemployment, can the federally actually continue? >> it wasn't just equity. oil crossed $100 a barrel for the first time since may. gold at a six-month high. the dollar hitting four-month lows against the euro. >> we got a change to the dow jones industrial average. kraft is out, united health is in. this swap taking effect after the close today. we saw a lot of record highs yesterday, including apple. that would be the highest market cap event of all time. iphone5 sold out in the first hour of preorder. >>> we start with the federal reserve markets here and around the world continuing to rally after the fed's position to launch a third round of quantitative easing. the
the s&p fell to 52-week highs, first time since july 2011. as for the picture in europe, again still over from yesterday's rally here in the u.s. european shares in fact at 14-month highs this morning. let's get to our road map. that of course starts with the fed. open-ended asset purchases and promising to keep rates close to 0% for years. but as monetary policy doesn't fix unemployment, can the federally actually continue? >> it wasn't just equity. oil crossed $100 a barrel for the...
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Sep 14, 2012
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s&p and nasdaq also edging higher. russell 2,000 yesterday posted its fifth highest closing high ever. all of this on incredibly high volume, as well. let's take a quick look at european markets. it's broadly consistent and again in the green by the rang of 1% to 2% in some cases. ftse up 1.4, cac 40 was up almost 2%, it's come off a little bit. ibex 35 still over that 2%s threshold. european banks are driving a lot of the gains, as well, as you look at anything from the spanish banks, up 2%, over here to credit agricole up closer to 3%. so, ross, it's not a huge move, but nevertheless for a move that frankly puts pressure on banks at least u.s. banks or net interest margins, we're nevertheless seeing a positive tone. >> and continues since what we've seen midsummer. >> whatever it takes. >> and the fed now doing what they think is whatever it takes, as well. yields on core bonds continuing to rise this morning. ten year 1.2%. peripherals, steady to down. spain 1.567%. but here we go in italy, they continue to fall bel
s&p and nasdaq also edging higher. russell 2,000 yesterday posted its fifth highest closing high ever. all of this on incredibly high volume, as well. let's take a quick look at european markets. it's broadly consistent and again in the green by the rang of 1% to 2% in some cases. ftse up 1.4, cac 40 was up almost 2%, it's come off a little bit. ibex 35 still over that 2%s threshold. european banks are driving a lot of the gains, as well, as you look at anything from the spanish banks, up...
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the s&p up. back to you. >> all right, bob. thanks so much. the equity rally stalling just a bit today. we're holding the gains from yesterday. dow is inching closer to its all-time intraday high. 14,198. that's the number to watch. right now we're about 600 points away. >> but can these gains last? with us today, quincey crosby. ladies, always great to see you. stephanie, what's your take? >> i'm actually pretty impressed that we're even up at all today on top of yesterday's 1% gain, on top of the 13% rally we've had from the june low. i would say that expectations were high headed into yesterday. i was happy to see that the fed did do something very aggressive. i was very surprised by it. i didn't necessarily think they had to, but they basically are signaling they mean business. they're focusing on the mbs market. that means that housing will continue to recover. i think that's a really big important part of the story of the economy here in the united states. >> quincy, what areas of the market are going to continue rising, assuming you bel
the s&p up. back to you. >> all right, bob. thanks so much. the equity rally stalling just a bit today. we're holding the gains from yesterday. dow is inching closer to its all-time intraday high. 14,198. that's the number to watch. right now we're about 600 points away. >> but can these gains last? with us today, quincey crosby. ladies, always great to see you. stephanie, what's your take? >> i'm actually pretty impressed that we're even up at all today on top of...
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Sep 14, 2012
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we saw the s&p trade as high as 1967. if we see what happens today continue on where we see them up together. that is where hedgers are getting a little concerned that the market is getting a little too top heavy. until i see that i think this market moves higher and we see an all-time high by the end of the year. >> be sure to stay tuned for options action. we have julia on deck with more news from google. >> we were talking earlier in the hour about the youtube video, the anti-muslim video. youtube had responded to the white house's request that they review other policies saying that it does not violate youtube's guidelines but added information saying they have restricted access to it in countries where it is illegal such as indonesia as well as libya and egypt. the addition here is of course it is restricted access. another note here youtube has said it did not restrict access of the video as a result of the request from the white house. that is the headline there. >>> a new low for washington. lawmakers are about to
we saw the s&p trade as high as 1967. if we see what happens today continue on where we see them up together. that is where hedgers are getting a little concerned that the market is getting a little too top heavy. until i see that i think this market moves higher and we see an all-time high by the end of the year. >> be sure to stay tuned for options action. we have julia on deck with more news from google. >> we were talking earlier in the hour about the youtube video, the...
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Sep 4, 2012
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even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hundreds. liberty mutual insurance -- responsibility. what's your policy? >> it's easy to focus on all the things wrong with the stock market especially on a volatile day like today. all the way wall street takes advantage of the little guy, that would be doing you a disservice. i need you to remember that there are still some terrific executives out there who are working their butts off 20 create value for their shareholders like you. you need to
even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [...
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Sep 20, 2012
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equities, the s&p 500 is 7% lower. you want to look out below in stocks and crude. >> what about the stocks themselves? do they look better or not? >> they look worse, actually. >> on friday, can you see the xle, that's your energy sector spider or etf as we call them. we see a breakout above 76. that's a fresh multiyear high, just like the s&p 500. that set the stage for a false breakout, false breakouts lead to fast moves down. have you that 50 day moving around around 72. that's your first area of support. you want to sell the underlying commodity and those energy and oil stocks. >> ira, what about you, oil itself or stocks? what would you buy? >> anything. >> you know what, i would be a seller, i would like to see a rally here. i think this is the sale of the century. we get above 95, $96. we're well supplied in the market, i think it's a key area. 95 to 96 to sell this market. you look at the oil stocks, most of them are 52 week highs and as a trader, as an investor, i would wait for a pull back before i buy anyth
equities, the s&p 500 is 7% lower. you want to look out below in stocks and crude. >> what about the stocks themselves? do they look better or not? >> they look worse, actually. >> on friday, can you see the xle, that's your energy sector spider or etf as we call them. we see a breakout above 76. that's a fresh multiyear high, just like the s&p 500. that set the stage for a false breakout, false breakouts lead to fast moves down. have you that 50 day moving around...
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Sep 19, 2012
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the s&p 500 up but just barely. up by 1 2/3 points. most investors would likely be happy if that's how the year ended for this market. some are worried there's more downside to come. this market, rather than upside, between now and year end. from the fiscal cliff to the election to the market worries. should we be happy to hold on to what we have? let's get into our panel right now and get some thoughts. tim holland, thomas lee of jpmorgan along with our own bri brian shackman and rick santelli. tom, you came out with a report today. i know you had a call with investors. talk to us about what you envision for this market. >> well, you know, what we're talking about is a phenomena that's really happened in each of the last three years, such as 2009, 2010, 2011. we get in towards the final quarter of the year, active managers, which is mostly mutual funds, are trailing their benchmark. in order to close that performance gap, which is the biggest since 1995, they have to buy stocks that will outperform the market, which is what we call hi
the s&p 500 up but just barely. up by 1 2/3 points. most investors would likely be happy if that's how the year ended for this market. some are worried there's more downside to come. this market, rather than upside, between now and year end. from the fiscal cliff to the election to the market worries. should we be happy to hold on to what we have? let's get into our panel right now and get some thoughts. tim holland, thomas lee of jpmorgan along with our own bri brian shackman and rick...
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Sep 17, 2012
09/12
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>>> top s&p sector in 2012 is up 24%. what are the best trades right now. tracking your questions on twitter. what do you have? >> in the past month financials have more than doubled the gains in the tech sector. we asked which stocks you are buying. jonathan says i'm shorting goldman sachs until mid week. rollover says i am enjoying the sure party on bank of america today. let's take a look at what gaven has to say. he says i bought jp morgan in the 30s. i never doubted jamie dimon. what are we thinking about? >> multiple choice. >> i am still going blackstone. greenhill is another name. if you are making me choose -- >> why don't you like those three? >> goldman went up to 120. bank of america just scares me for a lot of different reasons. i think jp morgan is muddling along. i think the most interesting bank trades continue to be blackstone. >> what ben bernanke is doing should be good for what bank of america is in terms of mortgage lending and loans? >> he also left out he speaks about as well as i do bb and t. wells fargo, those are names that i think
>>> top s&p sector in 2012 is up 24%. what are the best trades right now. tracking your questions on twitter. what do you have? >> in the past month financials have more than doubled the gains in the tech sector. we asked which stocks you are buying. jonathan says i'm shorting goldman sachs until mid week. rollover says i am enjoying the sure party on bank of america today. let's take a look at what gaven has to say. he says i bought jp morgan in the 30s. i never doubted...
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Sep 14, 2012
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s&p 500 up by another 4 1/2. and again, this is all because of that additional quantitative easing that's been coming from the fed, they call it qe-3, qe infinity, take a look at oil prices. up above $100. that's the highest level since may 4th of this year. >> you have to trademark that qe infinity line. >> i just tweeted it. >> make some t-shirts. >> you should call it to infinity and beyond. bring in buzz. that might have been used already. >> we have a cnbc exclusive this morning. the man who started ebay and linkedin co-founder are making a big bet on greece today. that's right, greece. ceo and co-founder of endeavor global, a nonprooft that supports entrepreneurs in emerging markets. thank you for coming in this morning. >> great to be here. >> why in god's name if you were going to start doing business in europe would you start doing it in greece? >> let me explain what endeavor is. i k we coined the friz high impact entrepreneur to mean those with the biggest ideas, the greatest potential to create job an
s&p 500 up by another 4 1/2. and again, this is all because of that additional quantitative easing that's been coming from the fed, they call it qe-3, qe infinity, take a look at oil prices. up above $100. that's the highest level since may 4th of this year. >> you have to trademark that qe infinity line. >> i just tweeted it. >> make some t-shirts. >> you should call it to infinity and beyond. bring in buzz. that might have been used already. >> we have a cnbc...
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Sep 7, 2012
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. >> 3134, the s&p is still in positive territory. >> it's like the weather in hawaii, you don't like it now? just wait it will get better. a bailout may be a fore gone conclusion, but is this likely to happen because our economy is not better -- >> we have steve leisman and rick santelli. the jobs report was not pretty, are we still maintaining the levels that we've got because of hopes of the central bank acting next week. >> yeah, i think it's a global liquidity, and i think the behavior all argue for that premise. steve tough to find silver linings but they revised june and july as well. >> yeah, it was pretty uniform, normally you find some that tell you look at this this way or that way. the only thing i can find good about it is most of the job losses were concentrated. manufacturing on one hand and government on the other. manufacturing was a snap back. i just want to show you this graph we put together here. this shows the range of estimates. the blue line is the median and the green is the actual. did they miss by a lot, no, 96,000 is a lot weeker than the 125 -- i bring thi
. >> 3134, the s&p is still in positive territory. >> it's like the weather in hawaii, you don't like it now? just wait it will get better. a bailout may be a fore gone conclusion, but is this likely to happen because our economy is not better -- >> we have steve leisman and rick santelli. the jobs report was not pretty, are we still maintaining the levels that we've got because of hopes of the central bank acting next week. >> yeah, i think it's a global liquidity,...
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Sep 13, 2012
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s&p 500 roughly flat. this of course follows major indexes at multiyear highs, at or near i should say. europe has been a consistent picture with this. red across the board. ftse 100 down. should mention the xetra dax has been up on the range of more than 20% this year. much more so if you take a 52 week view. cac 40 down three quarters of a percent. ibex 35 down 1.2% as analysts perhaps reevaluate or take profits after the rally we've each following the ecb's activity. >> already today we've had plenty of opinions on what investors are to do ahead of the fed. here's just a recap of some of those thoughts. >> i think the and you are row will weaken if we don't get qe. but a lot is already priced in. >> my advice to investors for the past two years with regard to emerging markets is to underweight them sharply against the u.s. and over that period of time, the u.s. has outperformed in dollar terms by about 33%, 34%. >> we're looking at the sk tore by sector basis, autos is probably in the short term where w
s&p 500 roughly flat. this of course follows major indexes at multiyear highs, at or near i should say. europe has been a consistent picture with this. red across the board. ftse 100 down. should mention the xetra dax has been up on the range of more than 20% this year. much more so if you take a 52 week view. cac 40 down three quarters of a percent. ibex 35 down 1.2% as analysts perhaps reevaluate or take profits after the rally we've each following the ecb's activity. >> already...
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Sep 27, 2012
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the next weekend ensco gets out of the s&p 500, i heard was going to happen. jumps three points. like so many stocks that get included, ensco keeps climbing. ten points higher instantly after i sold it. now, if you sit back and ask what i did wrong it's simple. i lost my patience. i couldn't take it. i was so angry at myself that i stopped caring if i was right or wrong. i wanted to get back to even and earn a few cents more. moral of the story is simple, if you have a thesis and it's playing out, don't let the action in the stock dictate your action. don't be so greedy you fail to take too much off the table when the thesis plays off. i many so angry i took esc off my screen. a fabulous company taking names, kicking butt that i simply got impatient with so i missed the gigantic score. stay with cramer. >>> as the president urges big business to encourage our own ingenuity -- >> my message is, now is the time to invest in america. >> skramer is on the ground fining the homegrown bulls ready to run. >> this is about made here. this is about made in america and made great. >> "mad
the next weekend ensco gets out of the s&p 500, i heard was going to happen. jumps three points. like so many stocks that get included, ensco keeps climbing. ten points higher instantly after i sold it. now, if you sit back and ask what i did wrong it's simple. i lost my patience. i couldn't take it. i was so angry at myself that i stopped caring if i was right or wrong. i wanted to get back to even and earn a few cents more. moral of the story is simple, if you have a thesis and it's...
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Sep 27, 2012
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s&p 500 up 14 points. bill, over to you. >> all right. as we all know, two internet related stocks are getting a lot of attention lately. they're facebook and yahoo!. if you're looking to buy either one of these, the choice hasn't been clear recently. since facebook came public, it has tanked 46%. in the same time frame, yahoo! has rallied. facebook is getting hit in part by concerns of the ceo to turn profits. yahoo! getting a lift with its new ceo. but is either a buy? that's what we want to talk about. on the technical side, it's rich ross. on the fundamental side, zachary carabell. let's remind viewers, cnbc and yahoo! have a business alliance to share and coproduce editorial content. zach, what do you think? high hopes about marissa mayer's ability to turn things around? >> yahoo! has close to 14,000 employees and revenue somewhere in the 300,000 dollar per employee metric. for facebook, everything that's been poured over its head, it's still making more than $1 million plus per employee. that just means even though yahoo! has a user
s&p 500 up 14 points. bill, over to you. >> all right. as we all know, two internet related stocks are getting a lot of attention lately. they're facebook and yahoo!. if you're looking to buy either one of these, the choice hasn't been clear recently. since facebook came public, it has tanked 46%. in the same time frame, yahoo! has rallied. facebook is getting hit in part by concerns of the ceo to turn profits. yahoo! getting a lift with its new ceo. but is either a buy? that's what...
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Sep 13, 2012
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equities especially the s&p 100, has been growing their dividends quite handsomely even over the past five years. they've grown by 11% on average over the last five years. that's a very good hedge dpens inflation. >> jim, in your professional opinion are we more likely to have 2% yields on the 10-year or 1% yields on the 10-year? >> since we're closer to 2% right now, i'd probably have to say 2% but not much higher than that. one of the stories of the bond market over the last couple of years is how well it's treated investors. if you own bond on a total return basis, you had a spectacular 2011, you're having an okay 2012. over the last several years you've yut performoutperformed market under almost any measure. i understand with this round of quantitative easing you won't see the yields as long as the fed's in there purchasing them -- >> okay, thank you very much. let's go now to the man of the hour, fed chairman ben bernanke and his post-move press conference. here we go. >> good afternoon. earlier today the federal open market committee approved some new measures to support the re
equities especially the s&p 100, has been growing their dividends quite handsomely even over the past five years. they've grown by 11% on average over the last five years. that's a very good hedge dpens inflation. >> jim, in your professional opinion are we more likely to have 2% yields on the 10-year or 1% yields on the 10-year? >> since we're closer to 2% right now, i'd probably have to say 2% but not much higher than that. one of the stories of the bond market over the last...
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Sep 7, 2012
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s&p 500 looking at 2.5 at the hope. as for the picture over in europe, holding on to the gains across the board. our roadmap starts with jobs. that goldman now saying chances of further easing are above 50%. >> and what about europe? shares pared gains after hitting 13-month highs. but spanish and italian bonds, rising month highs. china's market, very strong. big spending on things like subway construction. >> bell slumping premarket. the chip giant cutting third-quarter sales citing a challenging macro environment and weakness in the pc enterprise market. are we watching the death of the pc trade unfold? >> could apple's next victim be pandora. pandora shares are down. >> as we mentioned, futures off their highs of the morning after the august employment report showed weaker-than-expected jobs. the unemployment rate falling from 8.3% to 8.1%. but the drop is due to a decline in the labor force participation rate. so, jim, does this cloud -- does this change where you see the fed going next week? >> i think they have t
s&p 500 looking at 2.5 at the hope. as for the picture over in europe, holding on to the gains across the board. our roadmap starts with jobs. that goldman now saying chances of further easing are above 50%. >> and what about europe? shares pared gains after hitting 13-month highs. but spanish and italian bonds, rising month highs. china's market, very strong. big spending on things like subway construction. >> bell slumping premarket. the chip giant cutting third-quarter sales...
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Sep 14, 2012
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it has a strong correlation with the s&p. secondly, i think the quantitative easing that we have seen in the federal reserve is negative for the u.s. dollar. the bank of japan intervention. euro/yen provides a nice opportunity on that front. a nice breakout that's now happening in the euro/yen. what i would like to do here in terms of taking advantage of this trade, i would go to long euro/yen on a slight dip. down to 101.75. with a stop at 99.75. and a target of 105. which, you know, is a pretty high target. scott? >> kathy, great to have you on today. >>> don't forget money in motion tonight at 5:30 this evening. with more ways to play the currency market post-fed. >>> coming up, your tweets. we'll be right back. >>> brian shactman here at the markets desk. take a look to the upside. this dates back almost a week since the announcement of the china infrastructure investment. they're been on a tear. a&r up 28% in the last week. >> steve grasso, clf, anr, btu, aci. what's your biggest play? >> you have to believe this is abou
it has a strong correlation with the s&p. secondly, i think the quantitative easing that we have seen in the federal reserve is negative for the u.s. dollar. the bank of japan intervention. euro/yen provides a nice opportunity on that front. a nice breakout that's now happening in the euro/yen. what i would like to do here in terms of taking advantage of this trade, i would go to long euro/yen on a slight dip. down to 101.75. with a stop at 99.75. and a target of 105. which, you know, is a...
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Sep 21, 2012
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right now dow futures are up by 28 points, the s&p futures up by just over three points. in our headlines we're following shares of two well-known companies that have hiked their quarterly dividends. mcdonald's raising its quarterly payout to 7 cents on 70. texas instruments pushed its dividends up to 21 cents from 17 cents, increase of almost 25%. google is shutting down its music download service in china because of disappointing user response, coming two years after it shut down its china search engine in a censorship dispute. google started it in 2009 and shockingly nobody shows up. >> so it's not that they're not buying our music, it's that they're getting it -- >> they're stealing it. >> they're stealing it. >> today is the quarterly quadruple witching day on wall street. and here's a little nugget for you. the dow has risen on september quadruple witching days for the past eight years in a row so you have eight fridays in a row going for you, you've got eight years of quadruple witching days in september, hey, what could go wrong? >> it used to be more fun before t
right now dow futures are up by 28 points, the s&p futures up by just over three points. in our headlines we're following shares of two well-known companies that have hiked their quarterly dividends. mcdonald's raising its quarterly payout to 7 cents on 70. texas instruments pushed its dividends up to 21 cents from 17 cents, increase of almost 25%. google is shutting down its music download service in china because of disappointing user response, coming two years after it shut down its...
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Sep 26, 2012
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s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's happening as protests pick up in spain, and you see more concerns coming in greece right now about austerity measures. the german dax is down by about 1.5%. the nikkei in japan was down by 2%. >>> in "sporting news," the atlanta braves are on their way to the postseason in. the boft the ninth against the marlins last night, freddy freeman connected and takes it to straight center for a walk-off homer. exciting. the braves win 4-3 and clinch a spot in the n.l. playoffs. the second postseason berth in the last seven seasons for the braves. should i make braves fans angry? do or don't? they got to t
s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's happening as protests pick up in spain, and you see...
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and the s&p 500 picking up
and the s&p 500 picking up
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Sep 11, 2012
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for us, we have a year-end target of 1400 to 1450 on the s&p. you've got a lot of big events that, you know, everybody's mentioned already that could lead to a little bit of disappointment and a little bit of setback. you know, for us, it's a really good time to kind of rebalance some of those classes that haven't done so well. >> does that mean you're selling into this rally, sameer? >> yeah, i think you trim equities a little bit, especially on the international side. you've seen a big move in european banks. i think you take some of that money and keep a little bit of dry powder on the sidelines in case one of these events doesn't go as planned. >> rick, you had this moody's warning. the markets didn't miss a beat here. what do you make of that? >> well, listen. i, unlike many, consider the words of these rating agencies important. i know they didn't do a good job leading up to the crisis. then again, who did? i do think the assumption that every rating changer, outlook change that isn't for the better with regard to the u.s. and big develope
for us, we have a year-end target of 1400 to 1450 on the s&p. you've got a lot of big events that, you know, everybody's mentioned already that could lead to a little bit of disappointment and a little bit of setback. you know, for us, it's a really good time to kind of rebalance some of those classes that haven't done so well. >> does that mean you're selling into this rally, sameer? >> yeah, i think you trim equities a little bit, especially on the international side. you've...
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Sep 6, 2012
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and sectors, all ten above 1% in the s&p 500. guys, back to you. >> so motorola unveiled the first set of smart phones with bigger screens, longer battery lives, and this as the competition gets more fierce and the landscape more treacherous. some say that the court loss to apple may be bad news for google because they may come after google next. we have heard these intriguing stories about maybe some talks between tim cooke at apple and your boss, larry paige about patent lawsuits down the road. >> i've heard about them as well. i think what's going on is phenomenal at this time. we're seeing tremendous amounts of innovation. you have tremendous amounts of user choice out there. i hope we don't get caught up in these scuffles or patents. >> so you don't know if they're trying to alleviate that? >> no, i hope things settle down and we focus on user innovation. >> while we're on it, how you make money in all of your various businesses, you were asked today about larry paige's health, he did not make the annual meeting, his voice w
and sectors, all ten above 1% in the s&p 500. guys, back to you. >> so motorola unveiled the first set of smart phones with bigger screens, longer battery lives, and this as the competition gets more fierce and the landscape more treacherous. some say that the court loss to apple may be bad news for google because they may come after google next. we have heard these intriguing stories about maybe some talks between tim cooke at apple and your boss, larry paige about patent lawsuits...
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Sep 5, 2012
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s&p slipping just 0.12%. nasdaq, advanced 0.26%. what do i mean when i say things might be so bad that they're actually good? i'm talking about a theme now that's so alien that most of you watching at home, as we run into a vicious gauntlet of news this week that will probably determine much of how the historically miserable month of september pans out. let's flush things out. first, regular watchers of this show know that stocks ultimately react to the future. not the past or the current set of circumstances. the immediate reaction to downbeat news may be negative, but negative news tends to spur policy actions by governments, and those actions can work to stimulate growth provided they're aggressive and smart enough to turn economies around. that's what this market holds every day now. let's take the three big bad/good battlegrounds. china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost singlehandedly kept the global economy afloat during the global recession a
s&p slipping just 0.12%. nasdaq, advanced 0.26%. what do i mean when i say things might be so bad that they're actually good? i'm talking about a theme now that's so alien that most of you watching at home, as we run into a vicious gauntlet of news this week that will probably determine much of how the historically miserable month of september pans out. let's flush things out. first, regular watchers of this show know that stocks ultimately react to the future. not the past or the current...
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Sep 20, 2012
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when you talk about a run, it's almost a double when you look at s&p index that measures commodities. in the long term do you see qe3 can put that inflation in where we will see the commodity run continue? >> i think those are two separate issues. i think the commodity inflation issue has been hyped. there's a market expectation that qe, whatever, feeds in to inflation over the long run. but we're trading reality in the short run. the short run is a function clearly of the relative value of the dollar, for starters. then where fundamentals take over. and on the commodity bull run, just our generic point on this is that high prices from 2002 to 2008, have real lly spurred on investment cycle that will bring on the supply that will eventually bring prices down to reality. >> ed morris of citi, thanks for stopping by. >> i think ed's bringing up some major points which is that ultimately the supply's going to catch up but in the short run this is essentially an inverse dollar trade. if you look at commodities and where we came off the lows, i think that's very significant. i think also t
when you talk about a run, it's almost a double when you look at s&p index that measures commodities. in the long term do you see qe3 can put that inflation in where we will see the commodity run continue? >> i think those are two separate issues. i think the commodity inflation issue has been hyped. there's a market expectation that qe, whatever, feeds in to inflation over the long run. but we're trading reality in the short run. the short run is a function clearly of the relative...
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Sep 14, 2012
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for low for even longer. >> we're at 14 what on the s&p right now? >> 1485. so it's about a 2.5% increase from here. not without risk, but we still see upside. >> between now and the epd of the year? >> sure. >> we'll be back with you later. let's move on. want to check out -- whoa, there you are. two other sectors. courtney reagan has been making calls on how the retail sectors are going to fare. seema mody is here. i'm supposed to stand between you. hard to stand between you two ladies. she's talking about the pharma sector here. >> could help with mid-term demand according to jefferies. if treasury yields are going to stay low with the recent bond buying program, the dividend yield on the health care names will continue to be effective. that's one of the reasons the money managers are allocating capital into pharma. bristol yielding 4%. merck yielding 3.8. regardless of the broader economy, j&j is at an inflection point in terms of earnings growth. they expect j&j to transfer 2% to 3% revenue growth to 4% to 5%. so j&j is one stock to watch. >> le
for low for even longer. >> we're at 14 what on the s&p right now? >> 1485. so it's about a 2.5% increase from here. not without risk, but we still see upside. >> between now and the epd of the year? >> sure. >> we'll be back with you later. let's move on. want to check out -- whoa, there you are. two other sectors. courtney reagan has been making calls on how the retail sectors are going to fare. seema mody is here. i'm supposed to stand between you. hard to...
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Sep 6, 2012
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if you don't have the votes, you don't have s. and s. doesn't rhyme with squawk. if you have the votes you have leverage. john boehner had the votes to drive the president toward a deal with spending cuts. he couldn't bring the republicans along though there were some tax increases on the table. president obama could not contemplate significant entitlement reform large enough to satisfy republicans. never did the twain meet. that was on the table. they can come back to it when they wanted to. if they are determined to sit down, lock the door and cut a deal. no one is prepared. >> do you think mitt romney will use it in the debates and on the campaign trail. do you think romney will say, look, i know how to make a deal without giving up my principles? i know how to bring people together, roll up my sleeves. i'm a turn around guy. is he going to stress that? obama couldn't, but i can. >> he may try to stress that, larry. the polling data is solid on this. the country thinks more often than not republicans in the house have been the obstructive factor. if mitt romney
if you don't have the votes, you don't have s. and s. doesn't rhyme with squawk. if you have the votes you have leverage. john boehner had the votes to drive the president toward a deal with spending cuts. he couldn't bring the republicans along though there were some tax increases on the table. president obama could not contemplate significant entitlement reform large enough to satisfy republicans. never did the twain meet. that was on the table. they can come back to it when they wanted to....
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Sep 13, 2012
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we moved ten points on the s&p 500. we are at a new multi-year high on that but a lot of significant sectors did better than others. material stocks were strong. financial stocks like bank of america are particularly strong. why would that be? well, a company like bank of mortgage, they own the mortgage backed securities that the federal reserve are going to be buying. you think they're not happy about that? there are other smaller companies we could talk about in the next half-hour. this itb is at a new high here. that's a significant move for that. we also had high-yield bond fund moving up. traders have been front running the fed buying these high-yield bond funds assuming the fed would extend the terms where they would keep interest rates low. they did that to mid-2015. people are reaching for yield. it's been big, big vl um in thein the last week or so. the etfs heavily in the treasuries area. really bonds in general. particularly treasuries were down today. the question is what will get people out of their bond fu
we moved ten points on the s&p 500. we are at a new multi-year high on that but a lot of significant sectors did better than others. material stocks were strong. financial stocks like bank of america are particularly strong. why would that be? well, a company like bank of mortgage, they own the mortgage backed securities that the federal reserve are going to be buying. you think they're not happy about that? there are other smaller companies we could talk about in the next half-hour. this...
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Sep 18, 2012
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s&p 500 down by close to 5. this comes after a down day yesterday for the markets. dow down by 40 at the end of the day, s&p off by 4 1/2. the losses came late in the day. a lot of people will point back to a big drop in oil prices right at the end of the day. let's call up the oil board. yesterday at the end of the day, a 3% drop. and there are a lot of people wondering what happened. was it something that happened with the algorithms that were trading or was it a rumor that went around the floor. regulators are certainly looking into it. take a look at the ten year note. the spread between tips and regular treasuries is at its highest left since 2006. i think that level is above 2.7%. near the highest level of all-time. the yield on the ten year at this point is 1.8%, but that spread between the regular treasury and differences tells you about expectations. also take a look at dollar prices today. dollar is up against the euro. right now the euro trading above 1.30. and gold prices, you'll see gold at this point is done by $11. >> this is great. the romney video w
s&p 500 down by close to 5. this comes after a down day yesterday for the markets. dow down by 40 at the end of the day, s&p off by 4 1/2. the losses came late in the day. a lot of people will point back to a big drop in oil prices right at the end of the day. let's call up the oil board. yesterday at the end of the day, a 3% drop. and there are a lot of people wondering what happened. was it something that happened with the algorithms that were trading or was it a rumor that went...
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military personnel and civilians in the one nine hundred seventy s. not to mention the killing of seventeen members of the iranian parliament in the same decade also the group is reported to have praised the nine eleven terrorist attacks and even though it said that the group is now denounce terrorism senior u.s. u.s. officials have confirmed that the m.e. k. worked in concert with the saudis to carry out the assassination of five iranian nuclear scientists within the country since two thousand and seven well last week the state department removed the emmy k. from its terror watch list in response to a heavy lobbying campaign directed at u.s. politicians to do so now you may ask if you're a rational logical person why on earth would they do such a thing well because the list is nothing more than a number of groups and. states that use their power to defy the us instead of work with it the real reason why the us is so interested in working with any case is because they're the good kind of terrorists whose terrorist activities are considered in line wit
military personnel and civilians in the one nine hundred seventy s. not to mention the killing of seventeen members of the iranian parliament in the same decade also the group is reported to have praised the nine eleven terrorist attacks and even though it said that the group is now denounce terrorism senior u.s. u.s. officials have confirmed that the m.e. k. worked in concert with the saudis to carry out the assassination of five iranian nuclear scientists within the country since two thousand...
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Sep 13, 2012
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it was the biggest gainer in the s&p 500. investors in that stock are betting china's economic stimulus plan will boost demand for coal used in steel making. alpha has been on a tear, rising nearly 20% since friday. now on to a potential european merger that wall street is watching closely. as we told you last night, the parent of airbus, eads, and b.a.e. are in talks to create the worlds biggest aerospace company, with roughly $90 billion in sales a year. you might think that would be bad news for rival boeing, but shares of that firm rose nearly 1% today after boeing's chief executive said he's not threatened by the possible merger. and some analysts agree with him. >> my opinion is that it's going to have limited to no impact on the u.s. defense contractors or, in specific, boeing which would be the most similar to the new entity if it goes forward. >> susie: but shares of northrop grumman edged down 1%. test test test test contractors to deg military spending. a good day for apple investors today. the stock stands at a ne
it was the biggest gainer in the s&p 500. investors in that stock are betting china's economic stimulus plan will boost demand for coal used in steel making. alpha has been on a tear, rising nearly 20% since friday. now on to a potential european merger that wall street is watching closely. as we told you last night, the parent of airbus, eads, and b.a.e. are in talks to create the worlds biggest aerospace company, with roughly $90 billion in sales a year. you might think that would be bad...
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Sep 14, 2012
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if you do that, you can get to 1,500, 1,550 on the s&p very easily. everybody thinks now the bernanke put is therefor ever and that stocks are not going to go down. obviously when you get some kind of event that's happening, you're going to have the euro blowing up again. that's got me a little worried right now. they're going to continue this morning. on the back of consumer sentiment falling down high. >> it's definitely a surprise across the board, and it was more due to kind of the forward look. we'll have to wait and see. give the respondents great credit. they must obviously walk everywhere, not drive. i look at the 186. that's up 20 basis points on the week. we're up 26 basis points a week on a 30-year. a good chunk of that has been offset by the surprising so often that continues in treasuries, booms, and many. what seem to be safe harbor sovereign fixed income. >> rick, thank you. >> your top two stories this week. fed easing part 3 and iphone unveiling part 5. both are seen helping the economy at least in the near term. when all is said and
if you do that, you can get to 1,500, 1,550 on the s&p very easily. everybody thinks now the bernanke put is therefor ever and that stocks are not going to go down. obviously when you get some kind of event that's happening, you're going to have the euro blowing up again. that's got me a little worried right now. they're going to continue this morning. on the back of consumer sentiment falling down high. >> it's definitely a surprise across the board, and it was more due to kind of...
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Sep 17, 2012
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nasdaq and s&p both down five. it may be good times for. all shareholders but the party could be over for corporate profits. front page story in the "new york times" warns that profits are going to decline in the third quarter and maybe in the fourth quarter as well. joining me now is the ceo of hedge high risk management and cnbc contributor. keith welcome. of all things out there are profits our biggest concern? >> huge issue. number one case for the bulls. going back to march before growth slowing began the bulls case was growth is back, earnings is great and stocks are cheap. now growth is slowing, earnings are under pressure and you don't really know what cheap is if you're using the wrong revenue and earnings numbers. revenues are slowing because gdp continues to slow. ben bernanke policy slows growth further because inflation slows growth and of course on the profit side inflation takes up things like producer prices which were up 1.7%. >> but, do you think regarding bernanke now most people believe that bernanke put the bernanke pum
nasdaq and s&p both down five. it may be good times for. all shareholders but the party could be over for corporate profits. front page story in the "new york times" warns that profits are going to decline in the third quarter and maybe in the fourth quarter as well. joining me now is the ceo of hedge high risk management and cnbc contributor. keith welcome. of all things out there are profits our biggest concern? >> huge issue. number one case for the bulls. going back to...
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Sep 13, 2012
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when we come back the man who test drove the google glasses tell s us what they're really like. can it complete with google+ hangouts. all that next. for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> let's get a sector check. a lot of indecision ahead of the fed this afternoon. here's one look how consumer staples is doing this morning. meanwhile just in time for fashion week. google glasses making its runway debut during the die van von furstenberg show. it's being released through google+. joining us here at post 9 today is spencer annie. he's the bureau chief. always good to have you. >> good to see you, carl. >> you got to sit down and test drive these things yourself on monday. >> kind of like winning the lottery a little bit. >> what was it like? >> it was really interesting. the iphone 5 came out yesterday an
when we come back the man who test drove the google glasses tell s us what they're really like. can it complete with google+ hangouts. all that next. for 30 some years at manyperint different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >>> let's get a sector...
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Sep 10, 2012
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so martin, the japan sgchltgdp s don't look great. it highlights concerns for future growth, as well. how permanent or transient for that matter do you think this slowdown is? >> well, we're looking at these figures very, very slow closely. you heard the overall change in terms of the gdp estimates actually not that big, but the economy is clearly cooling. and the supportive factor is government spending. there is a political deadlock, so there is not much more coming, so the economy will have to do with what's there and what we're seeing is asia and japan are cooling. probably slipping towards recession already during the third quarter and that certainly is not good news. it's a big, big impact now on sentiment. >> and the political gridlock, what kind of stimulus can we expect to get things moving? >> nothing. that's really a problem. the major parties are in presidential elections, so not much will come out of any political process during september. in october, we're seeing a fiscal cliff almost as in the u.s. where the government
so martin, the japan sgchltgdp s don't look great. it highlights concerns for future growth, as well. how permanent or transient for that matter do you think this slowdown is? >> well, we're looking at these figures very, very slow closely. you heard the overall change in terms of the gdp estimates actually not that big, but the economy is clearly cooling. and the supportive factor is government spending. there is a political deadlock, so there is not much more coming, so the economy will...
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Sep 11, 2012
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not expensive stocks on earnings relative to the relative stops in the s&p 500. while the weakness will most likely continue for a bit given how hot they've been, this is day one of a bit of a selloff, i think they remain good places not to trade but to invest in. you can keep saving, look, this rally is entirely based on hope. if i heard that ten times today, i'm not kidding, hope that the german supreme court will go with the program. while i don't disagree these decisions will matter, and they will matter, the german supreme court matters tremendously, the rallies and the vast majority of stocks i follow don't have much to do with hope at all and everything to do with value, dividend, earnings and sales momentum. that's why you can buy them on this macro-inspired weakness and not sell them. i don't fear the future as much as so many others who think the whole move is predicated on promises, promises that are made to be broken. it's just not true. the move, it's based on facts. let's go to bonnie in my home state of new jersey, please. bonnie. >> caller: hey, j
not expensive stocks on earnings relative to the relative stops in the s&p 500. while the weakness will most likely continue for a bit given how hot they've been, this is day one of a bit of a selloff, i think they remain good places not to trade but to invest in. you can keep saving, look, this rally is entirely based on hope. if i heard that ten times today, i'm not kidding, hope that the german supreme court will go with the program. while i don't disagree these decisions will matter,...